Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1887-03-19
DON'T THIS MEAN BOOM
A Determined Attempt Being Made
by Denver Parties to Buy the
Old Fort Block.
The Mormon Council Figures as an
ObstructiOnist-It is Afraid
Of the Boom.
SpeculatiOns on Thirty Acres OF Land
at the Foot Of West Temple
Street.-The Are the
Buyers.

The article in Thursdays DEMOCRAT
calling attention to the fact that Salt Lake
was then on the verge of real estate
boom-bound to be sweeping and vastly
beneficial in its effects caused no small
amount of comment in the moneyed cir
cles of this city. and lead to the investi-
CATION of matters by interested parties,
who now concede that the paper was cor
rectly informed in heralding the advent
of a big bouncing boom for this city.
Since that time still further develop
ments have come to light, and hereafter
something interesting in this line may
be confidently looked for in every issue OF
THE DEMOCRAT.
THE OLD FORT SQUARE.
1t is learned from an indisputable author
ity that a number of Denver capitalists
who are now in this city are making a
determined effort to purchase the cold
Fort Square" on Third West Street.
The city authorities have been
approached on the subject, but
their policy seems to be to act
the obstructionist and prevent the inva-
sion of capital, which would of course be
detrimental to the interests of their
church. A large offer was made for the
property within few days past, but it
was blankly refused.
This is not the first time that our city
officials have acted this way about worth
less public ground, but it is to be hoped
that it will be toe last.
ANOTHER SCHEME.
Another important move now on foot
is brought to light in the disclosure OF
the fact that certain Eastern parties are
now negotiating with the owners for the
purchase of thirty acres of land situated
at the foot of West Temple Street and
consisting of three full city blocks.
1t is understood that this property is
owned by the Walker Brothers,
who will, of course, offer every induce
ment possible to the new enterprise,
whatever it may be. While this informa-
ton comes less direct than that in rela-
ton to the "Old Fort" block, it is never
theless trustworthy and it is more than
likely that another week will bring forth
something of great public interest in rela-
ton to this matter.
From the fact that the locations men
toned are so earnestly sought for, can be
none other than that we are to have at
least two new railroads here before long.
The fact that work on the Fort Douglas
road is being pushed is ample assurance
that something is in the wind. That this
road is being built for the purpose OF
hauling rock is as ridiculous as can be,
and the only rational conclusion to be
drawn is that one of the east
ern roads has bought out the
rock company, and will come in over
that line. Rumor to-day again has it
that the Union Pacific is going to make a
short cut through Emigration to this
city. If this is not the case Ogden for
give usD why on earth is the work on
the Union depot at the Junction City at
stand-still for month after month?
That other roads are heading this way
is equally sure, but more will be said Of
them when matters take more definite
form.
REAL ESTATE NOTES.
AS an indication of the recent rise in
the value of real estate this is not bad
Mr.. L. c.. Karrick paid very handsome
price for his lot on Main street less than
thirty days ago, but Notwithstanding this
he has already been offered an advance
of 20 per cent on the price paid.
There are no less than nine capitalists
in this city at present from different parts
of the East, and all of them are looking
about with view to investing here.
There are some other important tran
sactions now pending between residents
and Eastern parties, the particulars Of
which will be divulged at an early date,